C.H. Robinson Worldwide (NASDAQ:CHRW) has tumbled 1.38% during the past week and has dropped 3.15% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.2%. C.H. Robinson Worldwide (NASDAQ:CHRW) has underperformed the index by 4.03% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
C.H. Robinson Worldwide (NASDAQ:CHRW): The stock opened at $71.77 on Friday but the bulls could not build on the opening and the stock topped out at $72.03 for the day. The stock traded down to $71.40 during the day, due to lack of any buying support eventually closed down at $71.98 with a loss of -0.15% for the day. The stock had closed at $72.09 on the previous day. The total traded volume was 2,029,472 shares.
The company shares have rallied 12.19% from its 1 Year high price. On Apr 26, 2016, the shares registered one year high at $76.10 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $73.08 and the 200 Day Moving Average price is recorded at $69.52.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Freeman Angela K., officer (VP, Human Resources) of C H Robinson Worldwide Inc, had unloaded 2,200 shares at an average price of $73.15 in a transaction dated on May 9, 2016. The total value of the transaction was worth $160,930.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Stephens & Co., downgrades their rating on the shares of C.H. Robinson Worldwide (NASDAQ:CHRW). Stephens & Co. has a Equal-weight rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest report, the brokerage house maintains the price target to $76 per share. The rating by the firm was issued on April 28, 2016. Currently the company Insiders own 0.69% of C.H. Robinson Worldwide shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.16% . Institutional Investors own 82.41% of C.H. Robinson Worldwide shares. During last six month period, the net percent change held by insiders has seen a change of -6.82%.
C.H. Robinson Worldwide, Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. The Company operates through a network of 281 offices in North America, Europe, Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying, selling and marketing of fresh fruits, vegetables, and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants, produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services, such as replenishment, category management and merchandising.